Sonoco officer acquires 83.8 dividend units
Sonoco’s consumer packaging president received additional dividend-equivalent units linked to RSUs, increasing his deferred equity-based position.
Rhea-AI Filing Summary
Sonoco Products Co (SON) reported that Ernest D. Haynes III, Pres. Consumer Packaging Americas, acquired 83.8 dividend equivalent units tied to restricted stock units on September 10, 2026. Each dividend equivalent is economically equivalent to one share of common stock and will be settled upon his retirement or other termination of service, bringing his directly held dividend-equivalent balance to 1,007.5 units. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 83.8 shares
Grant/Award
1 txn
Insider
Haynes Ernest D III
Role
Pres. Consumer Pkg Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units F1, F2 | 83.8 | $48.43 | $4K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 1,007.5 contracts (Direct)
Footnotes (2)
- F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
- F2. Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
Key Figures
Dividend equivalent units acquired: 83.8 units
Price reference per unit: $48.43 per unit
Dividend equivalent units following transaction: 1,007.5 units
+2 more
5 metrics
Dividend equivalent units acquired
83.8 units
Grant of dividend equivalents on restricted stock units on September 10, 2026
Price reference per unit
$48.43 per unit
Referenced transaction price for dividend equivalent units
Dividend equivalent units following transaction
1,007.5 units
Direct holdings of dividend equivalents after September 10, 2026 transaction
Conversion or exercise price
$0.00
Dividend equivalent units have no exercise price; settled in connection with service termination
Underlying common stock equivalent
83.8 shares
Each dividend equivalent unit is economically equivalent to one share of common stock
Key Terms
Dividend equivalents, Restricted Stock Units, economic equivalent, Rule 10b5-1
4 terms
Dividend equivalents financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Restricted Stock Units financial
"Dividend Equivalents on Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
economic equivalent financial
"is the economic equivalent of one share of Sonoco Products Company common stock"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SON report for Ernest D. Haynes III?
Sonoco reported that Ernest D. Haynes III acquired 83.8 dividend equivalent units on September 10, 2026, linked to his restricted stock units and economically equivalent to common shares.
How many dividend equivalent units does Ernest D. Haynes III hold after this SON transaction?
After the September 10, 2026 acquisition, Ernest D. Haynes III directly holds 1,007.5 dividend equivalent units tied to Sonoco common stock.
What is the economic value basis of the SON dividend equivalent units acquired?
The 83.8 dividend equivalent units are valued using a referenced amount of $48.43 per unit, with each unit economically equivalent to one share of Sonoco Products Company common stock.
When will the SON dividend equivalent units be settled for Ernest D. Haynes III?
The filing states that the quarterly dividend equivalent rights on restricted stock will be settled upon the reporting person’s retirement or other termination of service.
Was the SON insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 10, 2026 transaction was made under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
